Bitcoin Cash Price Prediction: Will It Reach Great Heights Again?

Before you do anything — buy, sell or hodl — it's good to be as informed as you can possibly be. In this article, we'll be taking a close look at the Bitcoin Cash price prediction. Keep reading to limit your risks and anticipate the movements using our analysis and your own.

What Is Bitcoin Cash (BCH)? 

On 1 August 2017, Bitcoin's developers initiated a hard fork to increase the block size, which marked the start of Bitcoin Cash. The split was the final phase of the so-called 'civil war' in the Bitcoin community and the camp that was successfully supported by Roger Ver and Jihan Wu.

BCH works just like BTC. It's a decentralised, peer-to-peer, electronic cash system that acts as a public ledger for transactions and nothing more. Block authentication is done through a proof-of-work algorithm, which means that people can mine it and are rewarded with coins.

However, we should still point out some of the differences between these cryptocurrencies.

You can learn a lot about BCH from the recent documentary called Bitcoin Cash: The Road to Mass Adoption. The video shows what the team is working on and their future plans. Everything is told directly by its builders, funders, specialists and promoters.

What Affects Bitcoin Cash's Price: Main Factors

The ultra-volatile nature of crypto isn't haphazard. In fact, there are multiple factors that traders can and should track to anticipate the next move. The same goes for any BCH price prediction: analysts try to identify what influences the prices and base their bitcoin cash future value predictions on these factors.

Below are some of the most important ones.

Adoption

The Bitcoin Cash forecast is going to get better and better if businesses or consumers continue to adopt it. Considering the benefits of this system (Bitcoin Cash cost, processing time and simplicity), it's definitely a possibility.

For example, if everything goes to plan, Google and Samsung will be adding the cryptocurrency's functionality to their payment methods. That's great news: with millions of users having access to crypto (Bitcoin, Bitcoin Cash, BUSD, Ether, PAX and GUSD), the prices are going to be positively affected and the trading volume of cryptos will rise.

Protocol Changes

Bitcoin Cash has no official roadmap, but that doesn't mean that it's not moving anywhere. After all, there's an unofficial roadmap. The most recent network upgrade was on 15 November 2020. Although no drastic changes were implemented, it's comforting that the team makes an effort to preserve Bitcoin Cash's sound money properties (emission schedule, the SHA-256 mining algorithm, low fees, etc.).

Whatever the team is going to implement next (and in the distant future, as well) is going to have an effect. When will bitcoin cash rise again? If the changes go well, expect a rise in value.

Events in the Bitcoin Community

The decisions made by the community affect the Bitcoin community and, therefore, the entire ecosystem. 

This was exactly what happened when BCH was first launched, the same thing as with Bitcoin SV (more on that later). Both times, the separation into two separate blocks according to different rules was caused by the lack of consensus in the community. Periods of Bitcoin's instability are still very influential for Bitcoin Cash, which is no surprise.

Press

Prices can be affected by public perception, security and longevity. History shows that the media is the most important influence on the price of any currency. So, greater media coverage, a better overall understanding and a positive image are all great for Bitcoin Cash price value.

Bitcoin Cash's (BCH) Historical Price Analysis

Any Bitcoin Cash price prediction takes historical data into account. So, this is where we're going to start, as well.

In 2017, when Bitcoin Cash had just launched, the project quickly attracted lots of investor attention. Because of its affiliation with BTC, it reached its all-time high within the first 6 months of existence, $3,667 on 21 December 2017. Mind you, the price at launch was $543, which is much higher than it is for most coins.

The following year, 2018, was rough for Bitcoin Cash and all cryptocurrencies. Those familiar with the events of 2018 might remember that the crypto market capitalization was crashing. January 2018 marked the start of the so-called crypto winter that lasted a year and a half.

Bitcoin Cash was holding on rather well compared to the competition. It even experienced a few peaks over the course of the year.

The real problem was another BTC hard fork that appeared in November 2018. Because of certain disagreements in the community, Bitcoin Cash's new rival, Bitcoin SV (BSV), had been created and was a contributing factor to BCH's downfall at the time. The all-time low is still $81, which it reached on 15 December 2018.

It didn't see the same type of price growth it had seen in 2017. Not only was it not successful at reaching its peak value, but it also wasn't particularly successful at even exceeding its launch price. For almost two years, the price wasn't any higher than the minimum value of $300 mark.

How Was Bitcoin Cash Performing in 2020-2021?

Before analyzing BCH performance now lets have a look at how it was fluctuating in the closest past. 

The year 2020 marked a significant turning point in the history of global finance, primarily due to the unprecedented outbreak of the COVID-19 pandemic. The pandemic's impact was reflected in financial markets worldwide, including the cryptocurrency market. In this context, Bitcoin emerged as a resilient force that propelled the market's revival, leading to a major bull run.

The situation of BCH was relatively stable over an extended period. However, Bitcoin, being the leading cryptocurrency, spearheaded the market's resurgence, resulting in a major bull run starting from the second half of 2020. Overall, the market sentiment was positive during this period.

Bitcoin Cash was still under intense pressure. Looking back on past price data, in late February 2021, it climbed to $722 but later dropped to around $530. The same pattern made an appearance again in April (from $1,171 down to $775) and May (from $1,589 to $625). For the rest of the year, BCH fluctuated in a $450-$650 price range.

In January 2022 BCH started with a price of $376.8 and followed a downward trend until the beginning of March where it reached a low of $279.9. Due to that month it appeared to have a small bullish trend reaching the price of $378.6. However, from the beginning of April it followed a significant downtrend until the end of 2022 closing the year in its lowest price of $96.8. As of 22 March 2023, its total market cap sits at $2.56 billion, making it the 27th largest cryptocurrency in the world.

Bitcoin Cash price prediction 2023

As always, we're going to highlight different points of view, from the most pessimistic to the most optimistic.

Let's start off the Bitcoin Cash price prediction with Wallet Investor. Below is a chart of the bch roadmap from 2018 until 2024 with projections that show drastic changes throughout 2023. According to this source, the coin is expected to be stable in price for a period of time during 2023, and then reach its highest value in the middle of the year. However, a downward trend may follow, causing the value of bitcoin cash going down to its lowest point until the end of 2023.

Next, let's consider the projections by cryptopredictions.com. This platform presents a relatively optimistic outlook for the price of BCH. According to their analysis, BCH experienced a strong bullish trend in the early part of 2023, which continued until the end of March. However, CryptoPredictions predicts a reversal trend in April, with prices expected to move downward, followed by another bullish trend. This pattern is expected to repeat itself until the end of August.

We can identify a few things that can contribute to negative price development:

• Limited use case. This cryptocurrency doesn't offer additional perks, making it harder to withstand competition. There are many other projects that are based on real-life value and practical applications, which isn't the case for BCH.
• Benevolence of the two individuals. Roger Ver and then Bitmain's Jihan Wu are the main faces of the project. If they choose to depart from it (or direct their wealth elsewhere), the coin isn't likely to get back on track.
• Sole support from miners. Finally, Bitcoin Cash is being pushed primarily by miners. So, the blockchain must always be a profitable investment for miners. Otherwise, they're not going to participate, which would lead to price drops.

On the other end of the spectrum, Long Forecast offers both positive and negative Bitcoin Cash predictions as a potential future investment advice. According to this source, Bitcoin Cash might take on some momentum by June following a strong downtrend until the end of 2023. There won’t be noticeable spikes or dips — just a smooth uptrend followed by a successively downtrend, ultimately leading to price stabilization at a level comparable to that of March.

To balance out the reasons why BCH might fail, we also need to figure out why it might go up and rise in price:

• Fast, cheap transactions. The convenience of transactions is primarily what attracts users, online businesses and merchant accounts to Bitcoin Cash. In the future, merchant fee savings will be notable possible success propellers.
• Established reputation. The connection to Bitcoin as the original lends Bitcoin Cash a substantial reputation. While not everybody has yet fully embraced blockchain technology, close ties to BTC are very helpful.
• Rapid adoption. Upcoming collaborations with online merchants and payment systems are a key step forward for the coin's widespread use. And as you probably know, with wider adoption, prices tend to surge.
• Improvements and implementation. The project isn't staying still; we might be seeing changes soon. 

Digital Coin Price forecasted Bitcoin Cash price with a positive outlook and presents another great Bitcoin Cash forecast for the end of 2023. 

BCH price prediction 2024

2024 Bitcoin Cash price prediction, we'll be looking at CryptoPredictions.com. The site offers significant Bitcoin Cash future predictions with strong price moves, predicting a strong steady bullish uptrend. BCH price predictions are expected to start quite low (lower than it may close in 2023) and climb up by 3-5% each month.

Bitcoin Cash price prediction 2025

2025 Bitcoin Cash forecast, we're using a source called PricePrediction.Net. It goes into great detail to illustrate the prices on a monthly basis. Average trading prices are looking up, starting from $258.10 and going all the way to $360.60.

Long-Term Bitcoin Cash Price Forecast 2030 

Finally the Bitcoin Cash price prediction for 2030 is provided from Coin Price Forecast. Since we're going so far into the future, we can't show a month-by-month perspective. How high will bitcoin cash go? Will bitcoin cash overtake bitcoin? The expected growth of +155% from today gives us the following information and a positive prediction that is bitcoin cash price expected to rise.

In the next 10 years, Bitcoin Cash (as well as BCH ABC) will go through numerous developments. Having such a powerful parent as Bitcoin, Bitcoin Cash is unlikely to disappear into oblivion.

As can be expected, BCH will continue to have close ties with BTC and continue to be affected by its performance. With the similarities and shared history between the two currencies, they'll share successes and credibility in the cryptocurrency world. But the founders of Bitcoin Cash mustn't solely rely on the crypto giant; they should also supply users with additional perks, which is what they've been doing so far.

Bitcoin Cash Price Analysis

For technical analysis, we're bringing in charts and graphs. This helps traders understand and read current price movements. Try to spot the general direction in which prices are headed, overlooking individual fluctuations.

Then, you need to place support and resistance levels. Support refers to the price at which buyers start to come in and drive the price up. Resistance is the price at which sellers come to the market and cause the price to fall again.

When we're talking about technicals, we also need to pay attention to indicators. Moving averages give us a concise and clear image of the market trend for the long term. Oscillators are mostly used to discover short-term overbought or oversold assets. The image above shows that both oscillators and moving averages indicate a strong buy for Bitcoin Cash.

Oscillator readings:

• Relative Strength Index (14) - 53.12 - Neutral
• Stochastic %K (14, 3, 3) - 52.10 - Neutral
• Commodity Channel Index (20) - 9.49 - Neutral
• Average Directional Index (14) - 18.50 - Neutral
• Awesome Oscillator - 5.57 - Neutral
• Momentum (10) - (−1.19) - Sell
• MACD Level (12, 26) - 1.58 - Buy

Moving average readings:

• Exponential Moving Average (30) - 115.36 - Buy
• Simple Moving Average (30) - 112.81 - Buy
• Exponential Moving Average (50) - 115.99 - Buy
• Simple Moving Average (50) - 114.31 - Buy
• Exponential Moving Average (100) - 124.61 - Sell
• Simple Moving Average (100) - 120.64 - Sell

When conducting technical analysis yourself, try to keep track of the bigger picture and short-term fluctuation at the same time. While looking at technicals and key levels is crucial for trading decisions, don't underestimate the value of larger timeframes.

What Does the Community Think About BCH Future?

Many experts and traders are supporting the positive Bitcoin Cash price predictions. We've gathered some feedback from market analysts and the community. Weiss Research, a cryptocurrency investment research firm, recently rated Bitcoin Cash in a few different categories. The firm gave it an overall rating of B, technology and adoption were rated B- and market performance was rated C-.

Space Finance, the first NFT marketplace on BCH, believes that this particular blockchain will become the next Ethereum in the NFT industry.

What Is Better for Bitcoin Cash: Investing or Trading CFDs?

Investing — buying and holding crypto tokens — is one of the simplest ways to enter the market. The "buy low, sell high" approach is suitable for mid- to long-term strategies. However, there are drawbacks that you should be aware of. For example, even though the forecasts are promising, BCH may not reach the expected heights, and your position may end up experiencing losses.

Trading has also the same and even higher risks. However, you can limit the risks and try to avoid loses by choosing to buy and sell crypto in short timeframes. One of the ways to master market volatility without having to own an actual asset is to trade BCH through contracts for difference (CFDs). 

Please note that trading CFDs with leverage can be risky and can lead to losing all of your invested capital. This way, you can take advantage of the constant peaks and valleys the asset goes through. Sign up for a demo account at Libertex and explore different trading possibilities risk-free.

Based on the long-term bitcoin cash hard fork price prediction, BCH is likely to perform worse before it performs better. FAQ

Let's go over the main points once again.